Mac Charles (India) Ltd

Mac Charles (India) Ltd (507836)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-18.39 %
3 Month Return-20.6 %
1 Year Return96.2 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 10
Rank 3
Rank 38
Dividend Yield
Rank 18
Rank 129
Price To Book Ratio
Rank 44
Debt To Asset
Rank 45

Company Information

Mac Charles India established its hotel in collaboration with Holiday Inn a division of Bass UK. The hotel was promoted by C B Pradhanani an NRI tycoon from Dubai. The fivestar hotel made a soft opening in Nov.86. In the next two years the facilities gradually became functional and the hotel additives were in full swing. Failure to achieve planned business volumes coupled with huge interest burden sent it into the red. After a long downturn there was a change in the companys fortunes in 199394. The company has not spent much money on hotel renovation and refurbication and it may spend Rs 23 cr on the entire renovation and refurbication as the Holiday Inn collaboration is nearing expiry and the Holiday Inn group will not renew it unless the hotel is totally renovated and refurbished.In 200304 the Company has disinvested in Vaswani Properties Private Ltd and in Vaswani Investments and Holdings Private Ltd.
OrganisationMac Charles (India) Ltd